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Apr 13, 2013
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under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get those tax increases. secondly, this chain cpi, already has a fire storm inside the democratic party against him for going after social security and medicare. so i think he put this out here. but john the real long-term problem medicare, medicaid social security eat up more and more and more of the budget. you mentioned defense and discretionary spending go down less and less and less. and i think it is, you know, this is no new deal or no new frontier or no great society. it is a timid budget, i think. and it is a grim budget for the united states. >>> the cpi is the consumer price index. make your point
under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get...
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Apr 14, 2013
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won't raids the debt ceiling without anything in return. the president knows that. the fact they're talking and that didn't happen before, and maybe partisanship is coming back. there is more bipartisan than last year. >> eric: let me add this. >> jamie: republicans may get something they don't want, the higher taxes. again. >> right. >> jamie: is that a deal-breaker? how do they come together on that? >> the republicans, they would raise some taxes. they say if you are going to use the revenue to lower other taxes. another discussion is tax reform. the republicans say that the president wants to to away with sequestration. and the republicans are not going to do away with that anytime soon. so there are many, many hurdles to overcome. but on medicare and taxes, we start to see some common ground. it will have to be a lot more in the coming weeks to get any type of grant bargain. >> at the same time that there is more spending in this budget. we know how everyone feels about that, i assume. it's a tough pill to swallow. when we are trying t
won't raids the debt ceiling without anything in return. the president knows that. the fact they're talking and that didn't happen before, and maybe partisanship is coming back. there is more bipartisan than last year. >> eric: let me add this. >> jamie: republicans may get something they don't want, the higher taxes. again. >> right. >> jamie: is that a deal-breaker? how do they come together on that? >> the republicans, they would raise some taxes. they say if...
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Apr 14, 2013
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we're going to have a debt ceiling we have to worry about. when we take these numbers out of our budget, they have to pass bills given the numbers that are given. a few months ago i see another looming. the same kind of like we had just been through. president's did make a move on some of the mandatory spending efforts that i have been calling for. he talks about a balanced approach. if you eliminate all discretionary spending, we still have a half trillion dollar deficit. >> i would like to hear your opinion of chuck hagel. he has been on the job for a couple of months. .ou are pretty critical of him how would you read the job he has been doing? >> i would probably get him and a. >> why? prissy good about it. -- i feel pretty good about it. i did not have a boat. but he asked me what my concerns were. i have not fountain to be saying one thing and doing a different thing. did oppose some of watched the hearings. not alleviated. i opposed him. he called me. i was going to call him and he called me first. i am the secretary. i want to reach ou
we're going to have a debt ceiling we have to worry about. when we take these numbers out of our budget, they have to pass bills given the numbers that are given. a few months ago i see another looming. the same kind of like we had just been through. president's did make a move on some of the mandatory spending efforts that i have been calling for. he talks about a balanced approach. if you eliminate all discretionary spending, we still have a half trillion dollar deficit. >> i would like...
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Apr 14, 2013
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ceiling, things that we've got to worry about, we're going to worry about when do we take the budget out of the budget and give it to the appropriator, they have to pass a bill given the numbers they are given. the numbers in the house will be different than the numbers in the senate. i see a few months from now, september 30th, it looming and the same fights we've been through. so i think the president in his budget did make a move on some of the mandatory spending effort that i've been calling for, because he talked about a balanced approach and we haven't done anything about mandatory, which is the real problem. because if you eliminate all the discretionary spending, we still have a half trillion dollars deficit annually. >> mr. chairman, sorry to interrupt. we're running out of time. i would like to hear your secretary of -- opinion of secretary hagueen, chuck hagel. it's been on the job for a couple of months now. you were very critical of him, with those in your party , how would you rate the job he is doing? >> i'd probably give him an a. >> really? why? >> i feel very good a
ceiling, things that we've got to worry about, we're going to worry about when do we take the budget out of the budget and give it to the appropriator, they have to pass a bill given the numbers they are given. the numbers in the house will be different than the numbers in the senate. i see a few months from now, september 30th, it looming and the same fights we've been through. so i think the president in his budget did make a move on some of the mandatory spending effort that i've been...
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Apr 19, 2013
04/13
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ceiling and there was a national discussion about that. an agreement was reached and passed into law signd by e president of the united states and said we will reduce the growth in spending by the amount we e th debt ceiling 2.1 trillion. 1.1 trillion of that was a sequester if an agreement was not reached by this committee and the committee did not reach an agreement. there was no provision in that budget control act agreement to raise taxes. this year raising taxes $600 billion. but there was never an agreement as part of the sequester or the budget control act to raise taxes so that's where we have a lawyer at. this is the problem so in the debate and i remember sitting up when the president guaranteed the american people that the sequester wouldn't hap but it is happening. it's happeningright now. it's infil all. the house has proposed a budget that eliminates the cuts on the defense department but finds other cuts in the government to replace them with. the president is saying he wants to eliminate the sequester. he apparently indicat
ceiling and there was a national discussion about that. an agreement was reached and passed into law signd by e president of the united states and said we will reduce the growth in spending by the amount we e th debt ceiling 2.1 trillion. 1.1 trillion of that was a sequester if an agreement was not reached by this committee and the committee did not reach an agreement. there was no provision in that budget control act agreement to raise taxes. this year raising taxes $600 billion. but there was...
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Apr 14, 2013
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the democrats through obama said we will take on entitlements and we have the debt ceiling which we run up against in july again, and all of that is a recipe for a deal and if there is no deal and i am wrong and it doesn't happen, we are in for troubled times. >> the economy is getting worse for ordinary people. >> i don't think you can look at this, what washington doesn't care about is what is happening to the average american, what they are care about. we are told the storm is great because the fed is printing money like crazy. and to build up assets for banks but no one will stand up. what we have is a set of policemen dynamics which are relevant to so many americans. >>gregg: the taxes are kicking in, employers are dropping their obama health care or they are switching to higher workers' contribution and people with their own coverage are paying higher premiums. >> it is already beginning. you can see the unintended consequences. >> contributing to the decline in the president's levels? >> it is only going. for four years, when any us, anyone watching, goes to the drugstore and can
the democrats through obama said we will take on entitlements and we have the debt ceiling which we run up against in july again, and all of that is a recipe for a deal and if there is no deal and i am wrong and it doesn't happen, we are in for troubled times. >> the economy is getting worse for ordinary people. >> i don't think you can look at this, what washington doesn't care about is what is happening to the average american, what they are care about. we are told the storm is...
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Apr 15, 2013
04/13
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and if you look at the other big bills that have been passed, the debt ceiling extension, sandy relief or violence against women act, it was about 25% to 40% of the republican caucus and then overwhelming number of democrats who passed those pieces of legislation. so it will be no different if gun reform passes, and immigration reform passes. >> you make a good point, alex. it's very similar to the debt negotiations for the grard bargain. if we're going to pass this, we need huge democratic marge orts, and that means our folks have to man up and woman up and accept a few things that aren't exactly like they want them, too. that's going to be the case on the debt deal and it will be the case on immigration deal. >> but congressman let me ask you, a huge part of this is because the republican party knows that you've ameliorated the image among latinos and hispanic, understanding they're not monolithic voting blocs. when you have this sort of cross-debate between mod rats in the party, much more broad-minded in terms of their semantic and their actual legislation they're proposing. >> lik
and if you look at the other big bills that have been passed, the debt ceiling extension, sandy relief or violence against women act, it was about 25% to 40% of the republican caucus and then overwhelming number of democrats who passed those pieces of legislation. so it will be no different if gun reform passes, and immigration reform passes. >> you make a good point, alex. it's very similar to the debt negotiations for the grard bargain. if we're going to pass this, we need huge...
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Apr 15, 2013
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that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one of the five students who spearheaded the projects. good morning. congratulations. >> thank you, chris. >> so you won the top prize. you got to meet with president clinton. not bad. tell us about your project. >> sounds great. so the campaign was focused on getting students involved in the conversation and making sure that they're active in the learning process before we graduate and before we become representatives in any way or become leaders in our respective fields. our campaign focused on 31 initiatives that got students united with their community members and their representatives. we hosted senator mar
that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one...
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Apr 15, 2013
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>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we will dedicate the zimmerman room in honor of gabby's staffer who was the first staffer killed in the line of duty who was killed during the tucson shooting and we'll dedicate that room in the capital visitors' center tomorrow. >> we have seen, some of the newtown victims' families, obviously having an effect, 16 republicans crossing over cloture to start the debate. the emotional appeal on this issue at least right now is paying political dividends. >> it's just common sense. >> yes, ma'am. >> this is beyond emotion, it's common-sense. >> okay, i want to switch to immigration. a topic important to you as
>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we...
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Apr 11, 2013
04/13
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what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get rid that have and replace it with tax hikes. >> dave drucker, the gop wants to win in 2014, i get that, but if the gop becomes democrats, i don't think they are going to win in 2014. >> well, larry, i think everybody should disabuse themselves of the fact that the republicans are going to sign on to the obama budget in any form as it's presented today, and that they are going to support tax increases of any kind, and if the president thinks that the fiscal cliff deal is a way forward for him to cut more deal with the republicans he's going to be disappointed. not only is it bad for them politically, th
what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get...
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Apr 11, 2013
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the debt ceiling issue approaching as later this summer we have an opportunity. the house is going to move now and put its priorities in place in the senate what do they agree or not we are going to move now and early to reassure people america will pay its debt but to reassure investors and those watching we are serious about tackling our problems. >> host: has sequestration affected your district? >> guest: it hasn't and in fact we talked in our town hall meetings we do a lot of them, people just sort of kind of laughed when we talk about a 500 lb government being forced to lose 10 pounds. people know it's just a small step. they are upset that it looks like the white house is choosing to inflect political pain on the community such as closing local air-traffic towers but for the most part, they think it is a small but important step in the right direction. >> host: was it a political victory for republicans? >> guest: i think it helped reassure americans that we were serious about making some small but important steps in the right direction locking those lower
the debt ceiling issue approaching as later this summer we have an opportunity. the house is going to move now and put its priorities in place in the senate what do they agree or not we are going to move now and early to reassure people america will pay its debt but to reassure investors and those watching we are serious about tackling our problems. >> host: has sequestration affected your district? >> guest: it hasn't and in fact we talked in our town hall meetings we do a lot of...
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Apr 18, 2013
04/13
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they said we will reduce the growth in spending by the amount raised the debt ceiling, 2.1 cheyenne. 1.1 trillion was sequestered. if the agreement was not reached by the committee in the committee did not reach an agreement, there is no provision in the budget control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the president guaranteed the american people sequester wouldn't happen. but it is happening. it's happening right now in the law. the house has proposed a budget that eliminates cuts on the defense department, besides other cuts to replace them when. the president is saying he wants to eliminate the sequester are apparently indicates he does, but he wants to do it raising taxes and that is a nonstarter. under our current day, we increase spending every year. the difficulty is that pointed out before our committee so many times is half the reductions in spending and sequester file on the defense department
they said we will reduce the growth in spending by the amount raised the debt ceiling, 2.1 cheyenne. 1.1 trillion was sequestered. if the agreement was not reached by the committee in the committee did not reach an agreement, there is no provision in the budget control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the...
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Apr 11, 2013
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. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republic
. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10...
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Apr 15, 2013
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ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee has received your written statement. it will be made a part of the formal record. secretary lew, you're recognized for five minutes. >> thank you, mr. chairman, and thank you, mr. chairman, ranking member levin, for your gracious welcome here today. it's an honor to appear and to visit the president's budget for next year. and i sit here as the chairman noted, surrounded by four decades of memories of many important occasions. when bipar
ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary...
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Apr 13, 2013
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ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting entitlements and social security, he's angered some democrats and he doesn't have a lot of wiggle room now. he's hoping republicans meet him halfway. the problem still is the taxes. the republicans say they raised it in january. the president got what he wanted, albeit less than he want, but they don't want to do that again. let's have the budget cuts without that. i think that's the problem. as much as the president is wining and dining, i think this is where the sticking point will continue to be. >> you talk about no wiggle room.
ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting...
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Apr 11, 2013
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because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action from legislateors. that's critical. >> we are taking on so many issues, agreement isn't always to be celebrated. on the issue of background checks, i don't think it's a compromise worth having. >> okay, well, i'm kind of depressed by you today, will. >> sorry. >> will kain, robert zimmerman. >>> talk about a spoiler alert. kevin bacon of "the following" reveals a major plot twist and now he's apologizing. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another w
because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action...